MarineMax (NYSE:HZO) Releases FY 2024 Earnings Guidance

MarineMax (NYSE:HZO) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.200-3.200 for the period, compared to the consensus estimate of 3.350. The company issued revenue guidance of -. MarineMax also updated its FY24 guidance to $2.20-3.20 EPS.

MarineMax Stock Performance

NYSE:HZO traded down $0.23 during trading on Friday, reaching $25.37. The company’s stock had a trading volume of 455,253 shares, compared to its average volume of 332,555. The firm has a market cap of $565.75 million, a price-to-earnings ratio of 6.31 and a beta of 1.69. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 1.28. The firm has a 50 day moving average of $30.32 and a 200-day moving average of $31.48. MarineMax has a 12 month low of $22.51 and a 12 month high of $42.88.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.55). MarineMax had a net margin of 3.75% and a return on equity of 10.44%. The business had revenue of $582.90 million during the quarter, compared to the consensus estimate of $590.19 million. During the same quarter last year, the company earned $1.23 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Research analysts expect that MarineMax will post 3.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on HZO. DA Davidson reaffirmed a buy rating and set a $34.00 price target on shares of MarineMax in a research report on Friday, March 15th. StockNews.com cut MarineMax from a hold rating to a sell rating in a research report on Saturday, January 27th. Stifel Nicolaus dropped their price target on MarineMax from $37.00 to $35.00 and set a buy rating on the stock in a research report on Friday. Finally, Truist Financial dropped their price target on MarineMax from $40.00 to $35.00 and set a buy rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, MarineMax currently has a consensus rating of Moderate Buy and an average price target of $35.40.

Insider Buying and Selling

In other MarineMax news, Director Clint Moore sold 4,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $31.12, for a total value of $124,480.00. Following the transaction, the director now directly owns 20,544 shares in the company, valued at approximately $639,329.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other MarineMax news, Director Clint Moore sold 4,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $31.12, for a total value of $124,480.00. Following the transaction, the director now directly owns 20,544 shares in the company, valued at approximately $639,329.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles A. Cashman sold 7,500 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $29.76, for a total value of $223,200.00. Following the completion of the transaction, the executive vice president now owns 63,981 shares in the company, valued at $1,904,074.56. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.